Filed May 27, 2022
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $1,785 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 | Other Services | $15 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES , LLC Service code 49 · EIN 36-4317381 | Other Services | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,798 | $70,667-21.0% | $123,104-54.7% | $52,331+6.6% |
| Participation rate | 96.1% | 83.7%+12.4pp | 86.8%+9.3pp | 68.1%+28.0pp |
| Annual return | -0.15% | 6.23%-6.4pp | 13.22%-13.4pp | 4.54%-4.7pp |
| Employer contribution / active EE | $1,696 | $2,946-42.4% | $5,151-67.1% | $1,882-9.9% |
| Participant deferral / active EE | $3,458 | $4,493-23.0% | $6,230-44.5% | $3,022+14.4% |
| Admin fee / account holder | $7 | $506-98.6% | $9,015-99.9% | $592-98.8% |